ValuEngine upgraded shares of Amazon.com (NASDAQ:AMZN) from a hold rating to a buy rating in a research note released on Thursday.
Other research analysts have also recently issued reports about the stock. Royal Bank of Canada reissued a $1,842.92 rating on shares of Amazon.com in a report on Wednesday, July 18th. JMP Securities reissued a buy rating on shares of Amazon.com in a report on Thursday, June 21st. Stifel Nicolaus reissued a buy rating on shares of Amazon.com in a report on Thursday, June 21st. Macquarie reissued a buy rating on shares of Amazon.com in a report on Monday, June 11th. Finally, Morgan Stanley set a $1,700.00 price target on shares of Amazon.com and gave the stock a buy rating in a report on Saturday, June 9th. One research analyst has rated the stock with a hold rating and fifty-one have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $1,976.73.
NASDAQ AMZN opened at $1,970.19 on Thursday. The stock has a market cap of $970.60 billion, a P/E ratio of 180.58, a PEG ratio of 4.15 and a beta of 1.60. Amazon.com has a 52-week low of $931.75 and a 52-week high of $2,050.50. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $2.58. The firm had revenue of $52.89 billion during the quarter, compared to analysts’ expectations of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The firm’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. sell-side analysts predict that Amazon.com will post 17.77 EPS for the current fiscal year.
In other news, Director Thomas O. Ryder sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the sale, the director now directly owns 10,752 shares in the company, valued at $19,179,525.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tom A. Alberg sold 2,320 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The disclosure for this sale can be found here. Insiders sold 25,308 shares of company stock worth $47,905,498 over the last quarter. Company insiders own 16.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Guidant Wealth Advisors boosted its position in Amazon.com by 657.4% during the second quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock worth $100,000 after acquiring an additional 355 shares during the last quarter. Taylor Hoffman Wealth Management acquired a new stake in Amazon.com during the fourth quarter worth approximately $108,000. Santori & Peters Inc. acquired a new stake in Amazon.com during the fourth quarter worth approximately $121,000. Lee Financial Co boosted its position in Amazon.com by 154.3% during the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock worth $129,000 after acquiring an additional 54 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in Amazon.com during the first quarter worth approximately $145,000. Institutional investors and hedge funds own 57.41% of the company’s stock.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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